Supramax Freight Rate for Trans-Atlantic Corrects Amid Tonnage Oversupply

The trans-Atlantic Supramax spot freight rates edged lower in April amid a tonnage oversupply in East Coast South America while disruptions to grains supply in the wake of the Russia-Ukraine conflict diverted buyers from the Black Sea to ECSA market.

Register Now The trans-Atlantic grains route — Recalada-to-Bejaia 40,000 mt — dropped to $61/mt on April 11 from the year-to-date high of $74/mt on March 31, according to Platts assessment by S&P Global Commodity Insights.

View entirety: S&P Global Platts